• Lucas Geiger said OpenLibra is going to hijack Libra, but in a "non-adversarial" way (Lane Rettig, via Twitter).
    Libra

    OpenLibra plans fork to create Facebook-free version of Libra stablecoin

    A group of blockchain developers threatened to split the Libra cryptocurrency’s blockchain and create a competitor free from corporate control

    Facebook’s Libra stablecoin may be years from becoming a reality, but that didn’t stop a group of blockchain companies calling itself OpenLibra from announcing plans to fork the stablecoin. News of the preemptive split came at the Ethereum developer conference Devcon 5 in Osaka, Japan on October 9. Lucas Geiger, co-founder of blockchain infrastructure firm Wireline, described the OpenLibra project, as aimed squarely at the corporate control of Libra. Essentially, OpenLibra would be pegged to the Libra coin, a cryptocurrency which will be backed by a basket of fiat currencies to keep its price level. Using the tagline “lock the door open,” the newly launched OpenLibra website called itself an…

  • PayPal's move is a personal blow for David Marcus, the man heading up the Libra project. Earlier in the decade, he was president of PayPal (via Wiki commons).
    Libra

    PayPal quits Libra cryptocurrency project

    We’re better off without you, the Libra Association’s head of policy said after PayPal withdrew from Facebook’s controversial stablecoin project

    PayPal has formally withdrawn from the Libra Association, the payments company announced on October 4.

  • Not a photo of PayPal potentially leaving its partnership with Facebook's Libra. Instead, this is the PayPal float at the Dublin LGBTQ Pride Parade, June 29, 2019 (photo by William Murphy via Wiki commons).
    Libra

    Libra Association won’t deny reports PayPal pulling out

    Facebook’s crypto project partnerships show signs of buckling with increased government pressure

    The Libra Association would not quite deny reports that digital payment service PayPal is withdrawing from the group, designed to oversee Facebook’s highly controversial, proposed cryptocurrency.

  • "So, like, you can't even give me his password? What about Warren's?" President Donald J. Trump welcomes Facebook CEO Mark Zuckerberg Thursday, Sept. 19, 2019, to the Oval Office of the White House. (Official White House Photo by Joiyce N. Boghosian)
    Libra

    Facebook’s well-timed leak

    Mark Zuckerberg’s remarkably calm reaction to a leaked recording of his thoughts about Libra and Sen. Elizabeth Warren may have something to do with good timing

    Just as Facebook’s Libra cryptocurrency project is facing defections from its biggest and most important partners, a recording of Mark Zuckerberg was “leaked” where he said all the right things. Coincidence?